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MERSEN
(MRN)
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Rating:59Neutral
Price Target:
€38.00
▼(-0.11% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weakening recent financial performance (sharp net-margin and ROE deterioration) and inconsistent free-cash-flow conversion, alongside a demanding valuation (P/E ~63). These are partly offset by a constructive technical trend with mildly positive momentum and a moderate dividend yield.
Positive Factors
Manageable Leverage
Manageable leverage and a growing equity base provide Mersen with balance-sheet resilience across its industrial markets. This supports continued investment and gives the company greater capacity to absorb cyclical demand weakness without relying excessively on additional borrowing.
Negative Factors
Recent Revenue and Margin Decline
The 2025 revenue decline and sharp net-margin compression show that recent demand and earnings conversion have weakened materially. If this deterioration persists, it could reduce internal funding for growth, weaken operating resilience, and make recovery in shareholder returns more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Manageable leverage and a growing equity base provide Mersen with balance-sheet resilience across its industrial markets. This supports continued investment and gives the company greater capacity to absorb cyclical demand weakness without relying excessively on additional borrowing.
Read all positive factors
MERSEN (MRN) vs. iShares MSCI France ETF (EWQ)
Market Cap
€881.05M
Dividend Yield2.49%
Average Volume (3M)39.76K
Price to Earnings (P/E)55.6
Beta (1Y)1.22
Revenue Growth-3.46%
EPS Growth-68.33%
CountryFR
Employees7,575
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.65
Shares Outstanding24,418,312
10 Day Avg. Volume35,373
30 Day Avg. Volume39,762
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)0.68
Price to Sales (P/S)0.45
P/FCF Ratio14.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€50.00Price Target Upside31.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.65
Revenue Forecast (FY)€1.24B
MERSEN Business Overview & Revenue Model
Company Description
Mersen S.A., an enterprise founded in Courbevoie, France, in 1889, is a global manufacturer and distributor of advanced materials and specialized electrical power products. Its operations span France, North America, Europe, the Asia-Pacific region...
How the Company Makes Money
Mersen primarily makes money by manufacturing and selling engineered products and components to industrial and technology customers, with revenue generated through two principal business segments. (1) Electrical Power: Mersen sells electrical prot...
MERSEN Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 1.19B | 1.24B | 1.21B | 1.11B | 922.80M |
| Gross Profit | 355.50M | 351.70M | 385.80M | 385.40M | 348.00M | 289.80M |
| EBITDA | 194.50M | 194.10M | 179.80M | 191.40M | 171.10M | 141.50M |
| Net Income | 15.60M | 14.10M | 59.00M | 81.60M | 67.70M | 54.40M |
Balance Sheet | ||||||
| Total Assets | 1.75B | 1.70B | 1.80B | 1.54B | 1.44B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 62.40M | 94.40M | 71.10M | 64.50M | 97.70M | 83.50M |
| Total Debt | 522.50M | 534.40M | 477.50M | 330.80M | 393.80M | 329.20M |
| Total Liabilities | 914.60M | 896.00M | 919.00M | 717.80M | 745.40M | 660.30M |
| Stockholders Equity | 808.30M | 782.80M | 850.20M | 788.20M | 661.30M | 602.30M |
Cash Flow | ||||||
| Free Cash Flow | 34.20M | 35.70M | -22.60M | -8.00M | 8.20M | 24.10M |
| Operating Cash Flow | 121.30M | 165.00M | 194.00M | 179.30M | 105.50M | 116.80M |
| Investing Cash Flow | -105.90M | -144.10M | -279.90M | -183.70M | -96.30M | -93.90M |
| Financing Cash Flow | -124.30M | 12.00M | 96.70M | -17.10M | 11.90M | -78.20M |
MERSEN Technical Analysis
Negative
38.04
Price Trends
38.98
Negative
39.12
Negative
33.76
Positive
Market Momentum
-0.95
Positive
39.13
Neutral
7.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MRN, the sentiment is Negative. The current price of 38.04 is below the 20-day moving average (MA) of 39.87, below the 50-day MA of 38.98, and above the 200-day MA of 33.76, indicating a neutral trend. The MACD of -0.95 indicates Positive momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 7.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:MRN.
MERSEN Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €47.87B | 31.99 | 18.73% | 1.71% | 6.89% | 118.90% | |
66 Neutral | €32.95B | 25.09 | 17.71% | 1.89% | 9.70% | 8.18% | |
63 Neutral | €138.99B | 27.99 | 19.47% | 1.78% | 6.93% | 9.95% | |
60 Neutral | €5.14B | 61.57 | -2.71% | 2.47% | -12.95% | -145.02% | |
59 Neutral | €881.05M | 55.63 | 1.96% | 2.49% | -3.46% | -68.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | €146.41M | -3.03 | -69.70% | ― | 11.71% | -171.43% |
* General Sector Average
FR:MRN
MERSEN
36.16
14.00
63.16%
FR:LAT
Latecoere
0.01
>-0.01
-15.38%
FR:LR
LEGRAND
125.95
-20.77
-14.15%
FR:NEX
Nexans
117.60
-1.32
-1.11%
FR:SU
Schneider Electric
235.70
-19.06
-7.48%
FR:HO
Thales
232.90
-14.24
-5.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.